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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Loans $ 857 $ 907
Securities 120 163
Securities borrowed or purchased under resale agreements 124 334
Trading assets 91 93
Other 33 41
Total interest income 1,225 1,538
Interest Expense    
Deposits 172 184
Commercial paper and other short-term borrowings 27 56
Long-term debt 109 131
Securities loaned or sold under repurchase agreements 119 355
Trading liabilities 24 29
Total interest expense 451 755
Net Interest Income 774 783
(Reversal of) provision for credit losses 470 38
Net interest income after (reversal of) provision for credit losses 304 745
Noninterest Income    
Service charges on deposit accounts 41 42
Trust and investment management fees 29 29
Trading account activities (36) 19
Securities gains, net 53 1
Credit facility fees 24 23
Card processing fees, net 14 13
Investment banking and syndication fees 120 124
Brokerage Commissions Revenue 18 20
Fees from affiliates 361 342
Other, net (12) 19
Total noninterest income 612 632
Noninterest Expense    
Salaries and employee benefits 676 685
Net occupancy and equipment 116 112
Professional and outside services 172 160
Software 90 80
Regulatory assessments 13 16
Intangible asset amortization 7 7
Other 127 110
Total noninterest expense 1,201 1,170
Income before income taxes and including noncontrolling interests (285) 207
Income tax expense (benefit) 25 28
Net (Loss) Income Including Noncontrolling Interests (310) 179
Deduct: Net loss (income) from noncontrolling interests 4 5
Net (Loss) Income Attributable to MUAH $ (306) $ 184